Across
- 1. One reason we trade with other states and nations is to buy goods/services at a lower _____ or a lower opportunity cost.
- 3. A person who takes a risk to produce and sell goods and services in search of a profit.
- 5. One way our government pays for public goods and services is through ___________ funds.
- 6. Property ownership is protected by negotiated _______ that are enforceable by law.
- 9. In circular flow, ______ own the resources used in production, sell the resources, and use the income to purchase products.
- 10. The point where supply and demand meet is called the______________
- 12. A form of business organization with only one owner that takes all the risks and all the profits.
- 17. The ______ tax is the main source of revenue for the federal government.
- 19. A ______ exists whenever buyers and sellers exchange goods and services.
- 20. Supply and demand determine the ______ of a good or service.
- 21. A form of business organization with two or more owners who share the risks and the profits.
- 23. One way the government pays for public goods and services is through _____ revenue.
- 24. One reason we trade with other states and nations is to create______.
- 27. Governments use _____ revenue from households and businesses to provide public goods and services.
- 28. FDA -Food and _______ Administration
- 30. Businesses that own all means of production-led to Anti-Trust Legislation
- 32. FCC - Federal ___________ Commission (appropriate material on radio, t.v., etc.)
- 33. Private financial institutions include ______ and credit unions.
- 34. Deposits, Currency, Coins and "store of value" all describe this
- 35. In circular flow, ______ buy resources; make products that are sold to individuals, other businesses, & the government
- 37. worldwide markets where buying & selling of goods/services by all individuals/nations/businesses takes place.
Down
- 1. consumers determine through purchases what goods and services will be produced.
- 2. The fee/price of borrowing money
- 4. accounts that can be accessed by checks and debit cards.
- 7. A form of business organization that is authorized by law to act as a legal entity regardless of the number of owners.
- 8. The type of economy does the United States have
- 11. consists of earnings after all expenses have been paid. (profit)
- 13. One way our government promotes _________ is by supporting business start-ups.
- 14. the rivalry between producers &/or sellers of a good/service that usually results in better quality & lower prices.
- 15. Income tax and _____ tax are key sources of revenue for state government.
- 16. The Fed will raise interest rates and slow the money supply if inflation is this ___
- 18. EEOC - Equal ___________ Opportunity Commission
- 22. Innovations in _____ contribute to the global flow of information, capital, goods and services.
- 25. a tax levied on land and buildings. It may also be levied on personal property.
- 26. The central bank of the United States
- 28. is the amount of a good/service that consumers are willing & able to buy at different prices during a given time period
- 29. One way our government promotes competition is by enacting policies that encourage global ______.
- 31. Rise of prices over time- The Fed influences money supply and interest rates keep ______ low and stable.
- 36. the amount of a good/service that producers are willing &able to offer for sale at each possible price.